Global arc-based plasma lighting market is projected to reach USD 676m by 2029

Market Research Direct foresees significant growth in the global arc-based plasma lighting market in the coming years. According to a newly added report, the market is projected to reach USD 676 million by 2029, growing at a CAGR of 1.9% from USD 616 million in 2024. The increasing adoption of this technology across various industries is attributed to its superior light quality, high brightness, and excellent color rendering capabilities.

The report highlights the dominance of the xenon arc lamps segment in the arc-based plasma lighting market. This can be attributed to their versatile features and wide range of applications. Xenon arc lamps are known for emitting light similar to natural sunlight, making them a preferred choice for industries that require precise color rendering, such as automotive lighting and cinema projection. Their high luminosity also makes them suitable for outdoor lighting in large venues. The reliability and extended lifespan of xenon arc lamps further contribute to their popularity in industrial and commercial domains.

The report also predicts significant growth in the UV applications segment, driven by the growing emphasis on health and safety in response to recent global events. UV lighting has proven to be highly effective in deactivating pathogens, making it essential for disinfection in various industries. Advancements in UV technology have also led to the development of more efficient and cost-effective plasma-based UV lighting systems, expanding their usage across industries. This trend is expected to continue, fueling substantial growth in the arc-based plasma lighting market.

The Asia Pacific region, particularly India, is expected to exhibit the highest growth rate in the market. This can be attributed to the increasing demand for advanced lighting solutions in the medical sector and the rapid growth of the entertainment and projection industry in the country. The expanding infrastructure for entertainment venues and growing consumer spending on leisure activities further contribute to the market's growth. The automotive industry's need for precise and reliable lighting solutions for testing purposes also drives the adoption of arc-based plasma lighting technology in India.

The report also provides a breakdown of the profiles of primary participants in the market. It includes information on the company type, designation, and region of these participants. The major companies in the arc-based plasma lighting market include ams-OSRAM AG (Germany), Signify Holding (Netherlands), Ushio Inc. (Japan), Excelitas Technologies Corp. (US), Hamamatsu Photonics K.K. (Japan), LEDVANCE GmbH (Germany), Newport Corporation (US), Superior Quartz Products, Inc. (US), and Amglo Kemlite Laboratories (US).

The report segments the arc-based plasma lighting market based on light source, wattage type, application, and region. It also provides a comprehensive analysis of market drivers, restraints, opportunities, and challenges. The report also covers qualitative aspects in addition to the quantitative aspects of the market.

In conclusion, Market Research Direct's report on the arc-based plasma lighting market provides valuable insights into the market's growth and future prospects. It covers key factors driving the

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Spencer Chapman from MRD

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